10 Most Undervalued Stocks Under $5 to Buy

7. Gogo Inc. (NASDAQ:GOGO)

Stock Price: $3.63

Forward P/E: ~6.1x

Number of Hedge Fund Holders: 26

Gogo Inc. (NASDAQ:GOGO) is one of the Most Undervalued Stocks Under $5 to Buy. On July 1, the company announced that Gulfstream Aerospace Corp. received a Federal Aviation Administration (FAA) Supplemental Type Certificate (STC). This is to install Gogo Galileo HDX on Gulfstream G650 and Gulfstream G650ER aircraft. HDX happens to be an electronically steered antenna (ESA), offering a compact, lightweight, low-power, high-performance connectivity solution for the Gulfstream large cabin aircraft.

Since there has been an addition of Gogo Galileo HDX as an aftermarket option for the G650 and G650ER, this demonstrates increased demand for high-speed connectivity. Also, it offers operators the latest technology in business aviation. Operators that use this system are expected to witness consistent, high-speed inflight internet performance, which is backed by Gogo’s cybersecurity protections.

It was further highlighted that Gulfstream’s tail mounted Under The Radome (UTR) installation of the Galileo HDX helps in reducing downtime and maximizing performance. Also, it complements the aircraft’s design.

Gogo Inc. (NASDAQ:GOGO) offers broadband connectivity services to the aviation industry.

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